SM Energy Company (NYSE:SM) Receives $36.64 Consensus Target Price from Brokerages

SM Energy Company (NYSE:SM) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $36.6364.

SM has been the subject of a number of research reports. Roth Capital set a $28.00 target price on shares of SM Energy in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of SM Energy in a report on Wednesday, October 8th. Mizuho set a $38.00 price objective on SM Energy in a research report on Friday, October 10th. Royal Bank Of Canada upped their target price on SM Energy from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Finally, Wells Fargo & Company reduced their price target on SM Energy from $30.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SM. Crossmark Global Holdings Inc. boosted its holdings in SM Energy by 12.7% in the first quarter. Crossmark Global Holdings Inc. now owns 8,355 shares of the energy company’s stock worth $250,000 after purchasing an additional 941 shares in the last quarter. Xponance Inc. lifted its position in shares of SM Energy by 6.3% in the first quarter. Xponance Inc. now owns 8,688 shares of the energy company’s stock worth $260,000 after buying an additional 516 shares during the last quarter. New York State Common Retirement Fund bought a new stake in shares of SM Energy during the 1st quarter worth about $25,363,000. Stephens Inc. AR acquired a new position in shares of SM Energy during the 1st quarter valued at about $260,000. Finally, CWM LLC raised its stake in shares of SM Energy by 34.0% in the 1st quarter. CWM LLC now owns 3,760 shares of the energy company’s stock valued at $113,000 after acquiring an additional 955 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

SM Energy Price Performance

Shares of SM opened at $18.39 on Friday. The business’s 50-day moving average is $23.30 and its 200-day moving average is $24.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 2.60 and a beta of 2.29. SM Energy has a fifty-two week low of $17.58 and a fifty-two week high of $46.42.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Monday, November 3rd. The energy company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.25 by $0.08. The business had revenue of $811.59 million during the quarter, compared to analysts’ expectations of $838.24 million. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. Equities research analysts expect that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 17th were paid a $0.20 dividend. The ex-dividend date was Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a yield of 4.3%. SM Energy’s payout ratio is 12.62%.

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.